Green Courte Partners Acquires Age-Restricted Land-Lease Community in Florida

Lake Forest, Illinois, August 22, 2013 – Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today the acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida.

Green Courte has engaged American Land Lease, Inc., a wholly-owned subsidiary of its second fund, Green Courte Real Estate Partners II, LLC, to manage the community. American Land Lease is the manager of Green Courte's land-lease/manufactured housing community portfolio, which now includes over 19,300 developed home sites located across 54 communities in eleven states. American Land Lease will operate the community under their “55+” lifestyle brand, Solstice Communities. For additional information about Solstice Communities, please visit www.solsticecommunities.com.